Energy Fuels (NYSEAMERICAN:UUUU) Shares Up 5% on Analyst Upgrade

Key Points

• Energy Fuels' shares rose by 5% following an upgrade by HC Wainwright, which increased its price target from $16.25 to $27.50.
• Despite the upgrade, analysts have mixed opinions, with Roth Capital recently downgrading it to a "neutral" rating with a target of $6.00.
• Insiders have been selling shares; Director J. Birks Bovaird sold 10,000 shares for approximately $148,500, reducing their ownership by 4.86%.

Shares of Energy Fuels Inc (NYSEAMERICAN:UUUU - Get Free Report) were up 5% during trading on Wednesday after HC Wainwright raised their price target on the stock from $16.25 to $27.50. HC Wainwright currently has a buy rating on the stock. Energy Fuels traded as high as $21.68 and last traded at $21.67. Approximately 8,386,511 shares traded hands during mid-day trading, a decline of 35% from the average daily volume of 12,958,645 shares. The stock had previously closed at $20.63.

A number of other equities research analysts also recently commented on UUUU. Roth Capital downgraded shares of Energy Fuels from a "buy" rating to a "neutral" rating and set a $6.00 price target for the company. in a report on Friday, July 11th. B. Riley assumed coverage on shares of Energy Fuels in a report on Wednesday, July 23rd. They set a "buy" rating and a $9.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Energy Fuels presently has an average rating of "Buy" and a consensus price target of $12.06.

Insider Buying and Selling at Energy Fuels

In other Energy Fuels news, Director J. Birks Bovaird sold 10,000 shares of the company's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $14.85, for a total value of $148,500.00. Following the completion of the sale, the director directly owned 195,617 shares of the company's stock, valued at approximately $2,904,912.45. This represents a 4.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dennis Lyle Higgs sold 6,000 shares of the company's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $14.88, for a total transaction of $89,280.00. Following the completion of the sale, the director directly owned 218,881 shares of the company's stock, valued at $3,256,949.28. The trade was a 2.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 618,724 shares of company stock valued at $6,782,959. 1.92% of the stock is owned by insiders.

Institutional Trading of Energy Fuels

A number of hedge funds have recently bought and sold shares of UUUU. Kingstone Capital Partners Texas LLC purchased a new stake in Energy Fuels during the second quarter valued at about $29,525,000. Alps Advisors Inc. lifted its stake in Energy Fuels by 29.0% during the first quarter. Alps Advisors Inc. now owns 15,933,699 shares of the company's stock valued at $59,433,000 after buying an additional 3,584,798 shares in the last quarter. Bank of America Corp DE lifted its stake in Energy Fuels by 93.6% during the second quarter. Bank of America Corp DE now owns 4,366,108 shares of the company's stock valued at $25,105,000 after buying an additional 2,111,466 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in Energy Fuels by 530.6% during the second quarter. BNP Paribas Financial Markets now owns 2,068,155 shares of the company's stock valued at $11,892,000 after buying an additional 1,740,183 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Energy Fuels by 10.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,670,863 shares of the company's stock valued at $46,927,000 after buying an additional 1,231,484 shares in the last quarter. 48.24% of the stock is owned by hedge funds and other institutional investors.

Energy Fuels Stock Up 5.6%

The company has a market capitalization of $5.03 billion, a PE ratio of -44.47 and a beta of 1.79. The business's 50 day simple moving average is $14.82 and its 200 day simple moving average is $9.07.

Energy Fuels (NYSEAMERICAN:UUUU - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.06). The company had revenue of $4.21 million during the quarter. Energy Fuels had a negative return on equity of 17.41% and a negative net margin of 143.05%.The firm's revenue for the quarter was up –51.7% compared to the same quarter last year. On average, analysts anticipate that Energy Fuels Inc will post -0.1 earnings per share for the current fiscal year.

Energy Fuels Company Profile

Energy Fuels Inc, together with its subsidiaries, engages in the extraction, recovery, recycling, exploration, permitting, evaluation, and sale of uranium mineral properties in the United States. The company produces and sells vanadium pentoxide, rare earth elements, and heavy mineral sands, such as ilmenite, rutile, zircon, and monazite.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.